Green Oasis (GRNO)

[justrun]

Good Morning Traders!

With the price of oil expected to rise to $95 per barrel in the next 3 months, oil service company Green Oasis Environmental (GRNO) could see near exponential revenue growth!

GRNO converts oil sludge, slop oil, waste engine oil and tank bottom oils into refiner ready crude oil -- which it then sells at spot market prices.


Plus, drillers are willing to pay GRNO about $30 a barrel to have their dirty, discarded waste oil hauled away and processed. Then, once that slop oil is turned back into clean, commercial grade oil, Shell, for example, buys the stuff from GRNO at the spot market price!



The market potential for GRNO services – in North America alone – is estimated at $100 billion!




Already, GRNO's Montana plant is producing 3,000 barrels of factory-fresh crude a month!



And back when oil was trading at $60 a barrel, GRNO expected to take in at least $8.5 million for the year – but now, a barrel of oil is selling for around $78 – 23% more!



So GRNO's current take could be possibly closer to $10.5 million for the year!



And savvy traders, of course, are noticing!



GRNO Trend Highlights





GRNO is currently rebounding off major support. Note: the last time the stock bounced off its 200 MA line on May 27th and July 6th respectively, shares scored 100% and 247% gains! So history could repeat itself!


GRNO is currently in the middle of an "Ascending Triangle" pattern, considered by savvy traders to be the single most bullish chart pattern – and a personal favorite of mine!


Selling volume on GRNO has been rapidly decreasing over the past 2 months suggesting shareholders are content to hold this stock for the longer term!


The short term 20 MA line is now curling back up, suggesting a upward reversal in trend as new buying pressure starts to build at these very attractive levels